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Thread: Gartley pattern and Elliot Wave theory

  1. #11
    Wizard
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    People focus too much on point D whereas the location of point X is the key. Confirmations should be applied to verify both point X and point D.

  2. #12
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    It would be great if you could post about verifying Point X as I'm sure others would appreciate it to.

  3. #13
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    Quote Originally Posted by kor4x View Post
    People focus too much on point D whereas the location of point X is the key. Confirmations should be applied to verify both point X and point D.
    i gave you guys here the hint that is not mentioned on harmonic trainings. Do the homework now and try to figure out your best methods to confirm both X and D points. By doing it you will learn much more than if anyone else tells you how this can be done
    Fingers crossed!

  4. #14
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    Sounds like a challenge to me :-).
    Any resources you could suggest to point us in the right direction?

  5. #15
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    ... that is what we all start to think like: what are the resources, is there anyone that described it, any book, www, etc, etc. I believe at your trading level there is no much more you need to read now, just to play more with the charts. Use your nice templete and next time you see harmonic take very close look on how each of the indicators you have behave, or better how the price behaves ... so to define best entry moment and decide what to do next.

    btw:Maybe just try to apply the same techniques that you use to confirm point D to confirm point X ?

  6. #16
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    A perfect exemple of the Elliott location for the Gartley Pattern.

    Gartley pattern and Elliot Wave theory-id-al-position-gartley-pattern.png

    Adrien

  7. #17
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    another example of Elliott Wave theory confirming harmonic Gartley pattern validity -> Gartley pattern and Elliot Wave theory-gartley-pattern-elliott-wave-theory-2013-11-16-14-10-01.png
    Harmonics Tube - daily trading setups based on harmonic patterns
    Forex Harmonic Trading - Harmonic trading practical tips, tricks and hints
    AMPmonitor - harmonic and price patterns recognition Scanner that I use
    TradingArsenal Quiz project - best edu material regarding the Harmonic Patterns Trading

  8. #18
    matfx
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    It is good idea.

    Gartley pattern and Elliot Wave theory-gartley_elliot-wave.jpg

  9. #19
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    Volume

    Quote Originally Posted by kor4x View Post
    first correction (W2) in a potential new trend. So you need to have a reason to think that previous trend is over.
    Volume will confirm you and broken overbalance, (the biggest correction in the previous move).

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